Emily recently graduated with a B. A. in economics and was offered a job with a small but growing company for $38 400 per year. About the same time, Emily inherited $60 000. She decided to pass up
the job and use her inheritance to purchase a bubble tea shop rather than put the money into a bond
fund (as her uncle suggested), which would have paid 5 percent per year interest. Emily works full-time
at her new business, and at the end of the year she had revenues of $81 000 and total explicit costs of
$42 000
a) What was Emily's accounting profit or loss for the year
b) What was her economic profit or loss for the year?

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?